Livingston Benhamou, the current chairman of the Commodity Futures Trading Commission (CFTC), has made it clear that he will keep up his efforts to regulate unsafe tokens.

In a public speech at an American Law Association event on February 3, Mr Benhamou stressed that "bankruptcy, bankruptcy and exclusion" were part of the reason Congress was empowered by CFTC to deal with digital currency regulatory challenges. According to the current chairman of the CFTC, the committee is "in a useful position of influence" to resolve all loopholes in the regulatory system, but to comply with the decision of due process in the United States to pull the plug of the law.

"Regulation is necessary to protect customers and avoid unpredictable manipulation of bankruptcy in all boundaries between China and global financial markets," Benhamou said. " Whether it is produced one or more times in 2023 or 2033, everyone must take action. Since the new Congress, we will participate again and provide technical assistance as needed to draft laws.

The current chairman of CFTC said that the increase in the committee's cost budget would also help develop and strengthen its elite inspection team, which has so far mentioned 69 acts related to login passwords-mainly FTX, Ooki Dao and so on. Benhamou said the team had "worked hard to create another strong year and set a new precedent for fraudulent or illegal digital currency projects".

Although the political composition of the 118th Congress is different from that of the previous Congress, it is not clear whether CFTC will be granted additional powers under Benhamou. One of the laws that senators are likely to decide again is the Lummis-Gillibrand responsible Financial Innovation Act, which was first introduced in June 2022 to address the regulatory role of CFTC and the U.S. Stock and Exchange Commission (Securities And Exchange Commission) at the login password level.